ECB’s Coeure – QE is working

FXStreet (Mumbai) - The European Central Bank (ECB) member Benoit Coeure, while speaking at Davos, assured markets that the bank’s EUR 60 billion per month program is working.

Earlier today, ECB’s Nowotny said the Eurozone inflation could turn negative in H1 2016 due to the slide in oil prices, but refrained from discussing possible actions in March.

Nowotny Key Quotes

Going back towards 2% inflation target is vital for the stability of the Eurozone

ECB stands ready to reconsider policy stance

ECB is committed to its mandate

ECB communicated clearly yesterday